142
142
Dec 7, 2012
12/12
by
KTVU
tv
eye 142
favorite 0
quote 0
as for fiscal cliff fears would keep businesses from around the country from hiring that does not seem to be the case. either more than half of the jobs added last month came in retail and health care. the jobs were lost in construction and manufacturing. we're working now to get reaction from the white house and members of congress and hope to have that for you during my next update. reporting live from washington, d.c. alison burns. >>> time now 6:17. another story about controversial comedian katt williams. he has more legal problems after announcing he has unreported. an arrest warrant has been issued for katt williams. chp claims williams almost ran down five people when he drove his motorcycle on to a sidewalk. katt williams also failed to show up at an arraignment in seattle to face charges he hit a man with microphone and threw chairs at fans. despite all the controversy williams managers say he's not retiring and will continue with his nation-wide tour. >>> police in mill valley have arrested a manager of an assisted living facility on suspicion of fraud, identity theft, and f
as for fiscal cliff fears would keep businesses from around the country from hiring that does not seem to be the case. either more than half of the jobs added last month came in retail and health care. the jobs were lost in construction and manufacturing. we're working now to get reaction from the white house and members of congress and hope to have that for you during my next update. reporting live from washington, d.c. alison burns. >>> time now 6:17. another story about...
413
413
Dec 4, 2012
12/12
by
CNNW
tv
eye 413
favorite 0
quote 0
let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential. there's no way mathematically, if you look at the republican's proposal, that you can get to the deficit reduction that we need to with preserving the middle class tax cuts by not increasing as the republicans refuse to do the upper tier rates. there's room for discussion, but that -- >> so the 39.6%, that's not a red line? >> as far as i know and the conversations i've had, the president has said there's room for compromise, but for the red line to be drawn in the sand by republicans to say that an increase in rates on the wealthiest a
let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential....
433
433
Dec 5, 2012
12/12
by
CNNW
tv
eye 433
favorite 0
quote 0
. >> senator rubio weighing in on the fiscal cliff debate and the idea of raising tax rates for the wealthy saying we need to make poor people richer, not rich people poorer. soledad. >> that's the kind of thinking that will get you votes, right? >> all right. thanks, zoraida. >> new york city police could be close to charging a suspect in that fatal subway push. they say a man is now being questioned and has implicated himself in this case. a front page "new york post" photo has become the source of a lot of controversy. it shows the victim desperately trying to climb up from the tracks as the train approaches. this morning we're hearing that the photographer has said some things in his own defense. cnn's mary snow has more on this report. >> [ bleep ] alone. take your [ bleep ] over there. >> reporter: why exactly these men were fighting is unclear. but moments after this video obtained by the new york police was record 58-year-old ki-suck han whose face is obscured, was pushed on to the tracks, police say, by the man yelling at him. subway barreling through the station killed han with ho
. >> senator rubio weighing in on the fiscal cliff debate and the idea of raising tax rates for the wealthy saying we need to make poor people richer, not rich people poorer. soledad. >> that's the kind of thinking that will get you votes, right? >> all right. thanks, zoraida. >> new york city police could be close to charging a suspect in that fatal subway push. they say a man is now being questioned and has implicated himself in this case. a front page "new york...
99
99
Dec 1, 2012
12/12
by
CSPAN
tv
eye 99
favorite 0
quote 0
fiscal cliff? guest: if we go off the cliff, the rate will go up to 39.6%. the low bracket will go away and the lowest tax bracket will be 15% if we go off the cliff. 15% to 39.6% if we go off the cliff. caller: what about the other rates? host: we have a question on twitter. host: we have a question on twitter. guest: you don't pay taxes on losses. if you're making profits and a picture up over $250,000, that could result in a tax increase that kicks you over $250,000. caller: we need jobs in this country. i hear all this money being talked. the average worker -- i am lucky i get 30 hours. they're cutting down to 20 hours at wal-mart. i had a good manager. thank god. i notice a woman comes in. she is a high-end lady. she says we can get anybody to work. you talk about the tax credits. most of us have no chance of getting anything like that. we only make enough money to survive. a lot of us get food stamps. i never thought in my life. this is too low republicans and democrats. fascism and communism
fiscal cliff? guest: if we go off the cliff, the rate will go up to 39.6%. the low bracket will go away and the lowest tax bracket will be 15% if we go off the cliff. 15% to 39.6% if we go off the cliff. caller: what about the other rates? host: we have a question on twitter. host: we have a question on twitter. guest: you don't pay taxes on losses. if you're making profits and a picture up over $250,000, that could result in a tax increase that kicks you over $250,000. caller: we need jobs in...
221
221
Nov 29, 2012
11/12
by
CNBC
tv
eye 221
favorite 0
quote 0
. >> faced with the prospect of going over the fiscal cliff, which you just called serious business, or extending the lower tax rates and not the upper ones, which one would you choose? >> i'm going to do everything i can to avoid putting the american economy, the american people, through the fiasco of going over the fiscal cliff. >> which is worse, though, for the economy? >> what's that point of balance you just spoke about? could you put a debt limit increase in the overall package? >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life. but almost all of them had a price tag attached to them. and if we're going to talk about the debt limit in this, then we're probably -- there's going to be some price tag associated with it. >> last question. >> are you standing by your dollar for dollar -- >> i continue to believe that any increase in the debt limit has to be accompanied by spending reductions of that -- that meet or exceed it. >> thank you. >> with that, the happy talk azharry reid called it the other day is basically a thing of the past.
. >> faced with the prospect of going over the fiscal cliff, which you just called serious business, or extending the lower tax rates and not the upper ones, which one would you choose? >> i'm going to do everything i can to avoid putting the american economy, the american people, through the fiasco of going over the fiscal cliff. >> which is worse, though, for the economy? >> what's that point of balance you just spoke about? could you put a debt limit increase in the...
603
603
tv
eye 603
favorite 0
quote 0
more and more voices say, this is going to go over the fiscal cliff at least for a few days in january. >> if we go over the fiscal cliff, voters will likely blame the republicans for that. is is that true sf. >> all of the polls show that right now. we know that the tax hikes go up. ben bernanke, the fed chairman, fears that it will throw the country into a recession. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal. >> we'll all be watching the stock market as well. >>> the president also concentrating on recasting his new cabinet and one name that came up yesterday is a replacement for leon panetta at the defense department. >> it's possible, this is a real game of musical chairs right now. the president has to fill at least three big jobs, secretary of state, cia. if the president does not choose susan rice that means kerry goes to state and hagel goes to defense. we just don't know right now. all of those names are in pl
more and more voices say, this is going to go over the fiscal cliff at least for a few days in january. >> if we go over the fiscal cliff, voters will likely blame the republicans for that. is is that true sf. >> all of the polls show that right now. we know that the tax hikes go up. ben bernanke, the fed chairman, fears that it will throw the country into a recession. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage...
81
81
Dec 6, 2012
12/12
by
FOXNEWS
tv
eye 81
favorite 0
quote 0
president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts reforms and it included additional revenue. and frankly, it was a balanced approach mr. president has been asking for. now we need a response from the white house. >> they have 27 days to prevent automatic tax hikes and spending cuts from kicking in on new year's day. ed henry live at the white house for us. ed, we are hearing the president and house speaker john boehner actually talked by phone no
president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not...
85
85
Dec 6, 2012
12/12
by
FOXNEWS
tv
eye 85
favorite 0
quote 0
check this out. >> is the administration prepared to go over the fiscal cliff. >> absolutely. we see no prospects for an agreement that doesn't involve those rates going up on the top 2% of the wealthist. remember it's only 2%. >> reporter: most people think a deal will be struck between the president and the speaker of the house, the fact that they are talking and not leaking may be a good sign, jenna. jenna: we'll see. what role has treasury secretary timothy geithner, we just heard from him there, what role has he played in awful all o all of this. >> he's been the public spokesman and delivered the president's plan to capitol hill, which they said was not serious. you had mitch mcconnell try to bring up the geithner-obama plan for a vote. check this out. >> this the president's proposal was made in good faith our friends should be eager to vote for it, so i'm surprised the majority leader just declined the chance for them to support it with their votes. so, i guess we're left to conclude that it couldn't even pass by a bare majority of votes and that they'd rather take the
check this out. >> is the administration prepared to go over the fiscal cliff. >> absolutely. we see no prospects for an agreement that doesn't involve those rates going up on the top 2% of the wealthist. remember it's only 2%. >> reporter: most people think a deal will be struck between the president and the speaker of the house, the fact that they are talking and not leaking may be a good sign, jenna. jenna: we'll see. what role has treasury secretary timothy geithner, we...
176
176
tv
eye 176
favorite 0
quote 0
cliff in january. treasury secretary tim geithner tells cnbc republicans have made a little progress, but the obama administration is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax rates on wealthy americans." apple has lost a bit of its shine. the tech giant stock suffering its worst day in four years on thursday. several factors may have been at play. investors worried apple may be giving up ground in the tablet market to rivals, while nokia beat the company to the punch. there are also unconfirmed reports a stock clearinghouse firm is reducing the margin requirements on apple stock. apple lost $35 billion in market value yesterday. to put that into perspective, there are 417 companies listed on the s&p 500 index that have a market cap below $35 billion, so the jimmer fredet the majority of the s&p is valued at just below what apple lost yesterday. >>> a fairfax county woman will have to remove parts of her negative online review of a home contractor. the ruling was made
cliff in january. treasury secretary tim geithner tells cnbc republicans have made a little progress, but the obama administration is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax rates on wealthy americans." apple has lost a bit of its shine. the tech giant stock suffering its worst day in four years on thursday. several factors may have been at play. investors worried apple may be giving up ground in the tablet market to rivals, while nokia beat the...
206
206
Dec 4, 2012
12/12
by
CNBC
tv
eye 206
favorite 0
quote 0
the fiscal cliff. if we go off the cliff tax rates on dividends could go from 15% to more than 43%. companies are racing to beat the tax hikes by paying dividends before december 31st and some of the biggest beneficiaries, both insiders and ceos. mickey arison is getting $89 million from carnival giving him a potential tax savings. and larry elison is getting savings around $56 million. thomas frist at hca is getting around $350 million, saving him $100 million. and kkr and bain capital will get a big piece of the dividends. the king of all dividends is sheldon adelson who gets $1.2 billion from sands corp dividend and his tax savings alone could be $340 million. all shareholders benefit from dividends and many of the owners and ceos have recused themselves from the dividend votes, but these companies tend to have higher insider ownership. the average insider ownership of these dividenders is around 27%. it all shows that just the threat of higher taxes is causing companies and people to take next year's income today when they can. >> yeah. it's interesting. we were talking about th
the fiscal cliff. if we go off the cliff tax rates on dividends could go from 15% to more than 43%. companies are racing to beat the tax hikes by paying dividends before december 31st and some of the biggest beneficiaries, both insiders and ceos. mickey arison is getting $89 million from carnival giving him a potential tax savings. and larry elison is getting savings around $56 million. thomas frist at hca is getting around $350 million, saving him $100 million. and kkr and bain capital will...
187
187
Dec 4, 2012
12/12
by
CURRENT
tv
eye 187
favorite 0
quote 0
reality, the sooner we can avoid the fiscal cliff. obama and his allies are less willing to look at these benefits programs after his election last month. >> yeah. >> stephanie: obama possesses far more leverage than he did in the budget talks with boner last year. here we go again, right. >> you act like you won or something. >> stephanie: okay. all right. rhone in chicago. >> caller: hi, stephanie. first time caller so i'm glad i get a chance to get in and talk with you. >> stephanie: okay. >> caller: so many things to talk about, but i wanted to talk about the extremism that i see in the republican party. for me i'm an infantry officer, a software engineer. i have gone from voting republican and i lose myself as moderate republican, and conservative democrat somewhere in that -- >> stephanie: in the nuggety center. >> caller: yeah. the way this election has gone it has turned me very much to the left. the way the republicans have acted, they are turned me off from their party all together. >> stephanie: we welcome you into the soft
reality, the sooner we can avoid the fiscal cliff. obama and his allies are less willing to look at these benefits programs after his election last month. >> yeah. >> stephanie: obama possesses far more leverage than he did in the budget talks with boner last year. here we go again, right. >> you act like you won or something. >> stephanie: okay. all right. rhone in chicago. >> caller: hi, stephanie. first time caller so i'm glad i get a chance to get in and talk...
209
209
Nov 30, 2012
11/12
by
KGO
tv
eye 209
favorite 0
quote 0
. >> the white house drew its own line in the sand and said tax rates must go up on the top earners, but -- >> the middle-class tax cut should be made permanent. >> president obama stayed out of the fiscal cliff discussions and sat down for lunch with former rival mitt romney. >> i am sure they will or have already compared experiences on the campaign trail. >> today president obama hits the road to push for his plan to avoid the fiscal cliff. but republicans have slammed him for campaign-style politics that they say just won't get the job done. rob and sunny, back to you. >> can you really imagine that they're not going to reach some sort of deal to avoid the fiscal cliff? i mean that would be so unpopular across the nation. >> you would -- if you can take an action that would solve the problem for 98% of the country and then come back to the debate about the wealthiest 2%, let's get that first chunk done. republicans fear they could lose leverage if they cave in on the middle-class issue. apparently the president, his team has made increased demand here including, a provision now,
. >> the white house drew its own line in the sand and said tax rates must go up on the top earners, but -- >> the middle-class tax cut should be made permanent. >> president obama stayed out of the fiscal cliff discussions and sat down for lunch with former rival mitt romney. >> i am sure they will or have already compared experiences on the campaign trail. >> today president obama hits the road to push for his plan to avoid the fiscal cliff. but republicans have...
120
120
Nov 30, 2012
11/12
by
FBC
tv
eye 120
favorite 0
quote 0
. >> i would take a step further and say the fact we haven't found a plan for the so-called fiscal cliff has been the biggest issue because that more than anything, the uncertainty and the effect that is having on the economy, not necessarily willing to hire until we know what is going on. that more than anything is the thing that could affect the economy and housing. stuart: we have been saying all day that the president's plan that he stuck to the republicans yesterday as a disaster for the economy, going over the cliff is a disaster for the economy. the dow jones industrial average is up five points. there is no impact on the stock market from the disastrous proposal from the president. gerri: i was going to go back to the mortgage deduction. you do a good job breaking up the numbers and what would would mean on the bottom line but it is really about psychology in the housing market and psychology is not good. i don't care what the number the doing. stuart: any restrictions on mortgage interest deduction politicians would take and say just look what you are doing with the great middle
. >> i would take a step further and say the fact we haven't found a plan for the so-called fiscal cliff has been the biggest issue because that more than anything, the uncertainty and the effect that is having on the economy, not necessarily willing to hire until we know what is going on. that more than anything is the thing that could affect the economy and housing. stuart: we have been saying all day that the president's plan that he stuck to the republicans yesterday as a disaster for...
87
87
Dec 4, 2012
12/12
by
CSPAN
tv
eye 87
favorite 0
quote 0
interesting fact as you think about the fiscal cliff and what's coming, you see people responding to it in their behavior around capital gains and dividends. companies are moving up dividends into this year to help vare shareholders take advantage of the lower rate. you see and i expect you'll see more investors realizing capital gains to get lower rate this is year. there's clearly money there and there's clearly money that has if you will, interesting distributional characteristicsing money from high income folks. if you think about an overall package and the political process, trying to structure a package with a revenue goal and distributional goal, my kind of political economic prediction is you'll see those increases occur. i personally would be surprised if thetive dend rate went back up to ordinary rates. if i remember correctly, the senate passed a bill in which they'd allow us to stay at the cap gains rate plus the health reform ones. the president in his early budgets actually proposed having dividends stay the same as capital gains rather than go to ordinary rates. my gue
interesting fact as you think about the fiscal cliff and what's coming, you see people responding to it in their behavior around capital gains and dividends. companies are moving up dividends into this year to help vare shareholders take advantage of the lower rate. you see and i expect you'll see more investors realizing capital gains to get lower rate this is year. there's clearly money there and there's clearly money that has if you will, interesting distributional characteristicsing money...
138
138
Dec 4, 2012
12/12
by
CSPAN
tv
eye 138
favorite 0
quote 0
caller: looking at the we go back -- at the fiscal cliff, we go back to 2001 with the lowering of the tax rates, meant to create jobs. but in the past 10 or 11 years, we have not had any job creation whatsoever. we keep going back and hearing over and over again that it's going to cost jobs. we do not have jobs to begin with. businesses are out to make money. if consumers do not have money to spend, then you can lower their taxes to 0%. they still cannot spend because they do not have any income. guest: i think that is a great point. it brings up one thing we have not mentioned yet. the payroll tax cut is about to expire. if that expires, every paycheck in the country is going to go down about $1,000 on january 1st. that would hurt consumption. it would hurt the customers of businesses. the president has proposed to extend that. i think that is reasonable. we will see a firm public and keep up their opposition or they give in. we have a sleeper here that cannot be ignored. if we do not extend that, every paycheck in the country is going to go down. >> i agree -- guest: i agree. we sho
caller: looking at the we go back -- at the fiscal cliff, we go back to 2001 with the lowering of the tax rates, meant to create jobs. but in the past 10 or 11 years, we have not had any job creation whatsoever. we keep going back and hearing over and over again that it's going to cost jobs. we do not have jobs to begin with. businesses are out to make money. if consumers do not have money to spend, then you can lower their taxes to 0%. they still cannot spend because they do not have any...
231
231
Nov 29, 2012
11/12
by
FBC
tv
eye 231
favorite 0
quote 1
let's talk more about the fiscal cliff and your money. income tax hikes could be worse than investors realize. top tax rates going up next year for capital gains, dividend and income. in addition to the surtax to pay for the health care law, and something that we are not talking enough about. what can you do to prepare? joining us, cofounder and former partner at ernst & young. i am glad you are here because we are not talking about that amendment. let's talk big picture. you advise clients basically because you don't know what will happen, how do you do that? >> be very prepared for listening to what legislation will be coming up. for instance, one of the things we are saying is deferred deductions until next year because you get a higher tax benefit for them but get yourself positions of congress passes some sort of a cap, write up charitable contributions. transferring assets to kids, that is happening in the month of december. selling securities, selling real estate will go down to the wire because it takes a lot of people to do those
let's talk more about the fiscal cliff and your money. income tax hikes could be worse than investors realize. top tax rates going up next year for capital gains, dividend and income. in addition to the surtax to pay for the health care law, and something that we are not talking enough about. what can you do to prepare? joining us, cofounder and former partner at ernst & young. i am glad you are here because we are not talking about that amendment. let's talk big picture. you advise clients...
280
280
Nov 30, 2012
11/12
by
FOXNEWSW
tv
eye 280
favorite 0
quote 0
that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to the senate, it went 98-0 against it. no one voted for it. melissa: well, that was kind of a tricky parliamentary issue as well but, i do take issue with one thing, the idea we haven't dealt with entightments. we had two years, a year and a half we debated medicare. we made significant changes in medicare. we just had a campaign which republicans including governor romney time after time after time charged that we had cut $616 billion in spending out of medicare and we reformed the program. we have looking toward new ways t
that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to...
301
301
Dec 7, 2012
12/12
by
CNNW
tv
eye 301
favorite 0
quote 0
on the fiscal cliff. >> how does it play into fiscal cliff negotiation? >> you would think it gives them a sobering sense of if we do the right thing, maybe the economy keeps growing, if we do the wrong thing, might tip the united states. some think even the possibility of another global recession. you would think it would be a motivation to get things done. if you listen to what's said publicly, see if they're working out a deal privately, there are staff level conversations but most of the big voices dug in. >> you had a fascinating interview with the head of the international monitoring fund, it will air sunday on "state of the union." let me play a clip. what happens in fiscal cliff negotiations in washington could have a huge impact around the world. >> there's still that degree of uncertainty that fuels doubt, that prevents investors, entrepreneurs, households from making decisions because they don't know what tomorrow will be. they know that a fix has been found for today but there is still work to be done tomorrow and day after tomorrow. so it wou
on the fiscal cliff. >> how does it play into fiscal cliff negotiation? >> you would think it gives them a sobering sense of if we do the right thing, maybe the economy keeps growing, if we do the wrong thing, might tip the united states. some think even the possibility of another global recession. you would think it would be a motivation to get things done. if you listen to what's said publicly, see if they're working out a deal privately, there are staff level conversations but...
171
171
Dec 7, 2012
12/12
by
CURRENT
tv
eye 171
favorite 0
quote 0
we can't allow the fiscal cliff to get in the way. >> good message? >> you don't want to do it. i hope everybody who is involved with those negotiations is listening. >> so much good news. >> yeah. >> wofrlt celebrating. >> what was the name of that beer again? >> it is dog-fish-head, delaware's finest. delaware's native son will come back. stan collendar, follow him on twitter. >>@the budget guy. >> good to see you. >> see you next month . >> all right. >> this is "the bill press show," live on your radio and current tv. nature at its most delicious. ♪ we were skipping stones and letting go ♪ ♪ over the river and down the road ♪ [ female announcer ] at nature valley we know nature comes together in amazing ways. that's why we bring together natural ingredients, like dark chocolate with toasted oats, or sweet golden honey. perfect combinations of nature's delicious ingredients from nature valley. ♪ ♪ ♪ i was thinking that i hope this never ends ♪ [ female announcer ] nature valley granola bars (vo) current tv gets the conversation started weekdays now at 9 and no
we can't allow the fiscal cliff to get in the way. >> good message? >> you don't want to do it. i hope everybody who is involved with those negotiations is listening. >> so much good news. >> yeah. >> wofrlt celebrating. >> what was the name of that beer again? >> it is dog-fish-head, delaware's finest. delaware's native son will come back. stan collendar, follow him on twitter. >>@the budget guy. >> good to see you. >> see you next...
336
336
Dec 5, 2012
12/12
by
FOXNEWSW
tv
eye 336
favorite 0
quote 0
but to say with seven working days left and 27 total days until we go off the fiscal cliff, that's an interesting posture to take, so to speak. >> gretchen: some people in negotiations say seven days it a life -- is a lifetime. usually deals happen at the last minute. but be that as it may, the idea -- what he's doing now is he's living up to his campaign promise. one of the reasons he won this reelection, people would say, is because he talked a lot about this. he talked about let's tax the rich. let's have them pay their fair share, even though a lot of people would argue they are paying their fair share. but it appears to have worked. that's why he's stick to go this line of the some people disagree. congressman paul ryan and marco rubio said this. >> an election has come and gone. the people have made their choice. the policy makers still have a duty to choose between ideas that work and those that don't. when one economic policy after another has failed our working families, it's no answer to simply express compassion for them or to create more government programs that offer prom
but to say with seven working days left and 27 total days until we go off the fiscal cliff, that's an interesting posture to take, so to speak. >> gretchen: some people in negotiations say seven days it a life -- is a lifetime. usually deals happen at the last minute. but be that as it may, the idea -- what he's doing now is he's living up to his campaign promise. one of the reasons he won this reelection, people would say, is because he talked a lot about this. he talked about let's tax...
115
115
Dec 6, 2012
12/12
by
MSNBC
tv
eye 115
favorite 0
quote 0
is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- rr s -- rrm, it'emy 2%, it can't be solved. i think there's broad recognition of that reality now. >> okay, julia. see, this is the problem with men. on sunday morning geithner went on "meet the press" like they're going to cave. >> that's not good tactics for negotiations. >> get him out and get some women -- the congresswoman we had on the other day, the republican congresswoman, mcmorris rogers. sorry about that, really tired, she's fantastic. get her at the table more. get more women to the table because that's just not the way to negotiate. i agree with the administration's position on this. >> the treasury secretary yesterday goes oh, yeah. we can go over the fiscal cliff. >> don't you think that's going to make everybody feel really good, the markets. >> the republicans are doing the same thing. somebody has to be better. >> but the republicans don'
is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- rr s -- rrm, it'emy 2%, it can't be solved. i think there's broad recognition of that reality now. >> okay, julia. see, this is the problem with men. on sunday morning geithner went on "meet the press" like they're going to cave. >> that's not good tactics for...
78
78
tv
eye 78
favorite 0
quote 0
. >>> starbucks' ceo howard schultz has some sobering advice to offer on that looming fiscal cliff. he says consequences will be far worse than last year's debt ceiling fight, when the u.s. credit rating was downgraded for the first time ever. if a deal is not reached, he told our poppy harlow, the ripple effect will be felt worldwide. >> this single issue has a seismic effect on the rest of the world, that we have never been as connected and the domino effect of a bad outcome here will have significant negative consequences, domestically and around the world. >>> take a minute to come over to your tv, if you can. penn state has another pr problem on its hands this morning. the university's kai omega sorority is being investigated for stereotyping latinos after a picture showed up on the site tumblr. the photo showed sorority members wearing fake mustaches and dressed in somberos while holding signs that say, "i don't cut grass, i smoke it." the president of the chapter has apologized. is that enough, soledad? >> ladies, as your multi-ethnic friend, let me help you. help me help you
. >>> starbucks' ceo howard schultz has some sobering advice to offer on that looming fiscal cliff. he says consequences will be far worse than last year's debt ceiling fight, when the u.s. credit rating was downgraded for the first time ever. if a deal is not reached, he told our poppy harlow, the ripple effect will be felt worldwide. >> this single issue has a seismic effect on the rest of the world, that we have never been as connected and the domino effect of a bad outcome...
136
136
Nov 30, 2012
11/12
by
CNBC
tv
eye 136
favorite 0
quote 0
cliff." this political theater, if you don't allow these tax cuts to expire on the rich, the 1%, it's .25% coming off of gdp. you are losing a quarter percentage point. granted gdp numbers were better than we thought they would be. you are still losing a quarter percent if you let these tax cuts expire. it's an odd thing when we're so fragile on growth. >> let me take you to the trading element. what's happening is you get continued announcement of special dividends. you have been buying stocks on that basis. talk me through where you are now on perhaps what people may buy moving forward. >> it's a process that you really want to take into effect. it's got to be a company that you think is going to have some growth going forward. i bought winn. based on the company's fundamentals and then also for the kicker, the special dividend. that's something that i played. i also bought costco because i like the company's underlying fundamentals and a kicker for the special dividend there. you must like
cliff." this political theater, if you don't allow these tax cuts to expire on the rich, the 1%, it's .25% coming off of gdp. you are losing a quarter percentage point. granted gdp numbers were better than we thought they would be. you are still losing a quarter percent if you let these tax cuts expire. it's an odd thing when we're so fragile on growth. >> let me take you to the trading element. what's happening is you get continued announcement of special dividends. you have been...
306
306
Dec 3, 2012
12/12
by
CNNW
tv
eye 306
favorite 0
quote 0
house in order without those tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. and it's unfortunate that the white house has spent three weeks doing basically nothing. >> i know what you heard there. but treasury secretary geithner said he does believe a deal can be reached by the end of the year. >>> member of the u.s. coast guard is dead after a suspicious boat rammed his small boat off the coast of southern california. chief petty officer terrell thorn was one of two coast guard members thrown off on impact. he suffered a traumatic head injury. the other coast guardsman was treated at a local hospital. coast guard says the suspicious vessel was intercepted, and the two people were detained. >>> we could find out later this morning if the supreme court will wade into the controversial issue of same-sex marriage. the court releases its orders list at 9:30 eastern time. and there is a possibility justices will hear cases that challenge th
house in order without those tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. and it's unfortunate that the white house has spent three weeks doing basically nothing. >> i know what you heard there. but treasury secretary geithner said he does believe a deal can be reached by the end of the year. >>> member of the u.s. coast guard is...
138
138
Nov 29, 2012
11/12
by
CSPAN
tv
eye 138
favorite 0
quote 0
economy, american people through the fiasco of going over the fiscal cliff. >> which is worse? >> as i told the president a couple weeks ago, there is a lot of things i have wanted in my life but almost all of them had a price tag attached to them. in we are going to talk about the debt limit in this, we are -- there's going to be some price tag associated with it. i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or exceed it. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> there is a live twitter feed with comments from viewers and reporters with documents and links at c-span.org/fiscalcliff. democrats have been meeting, holding their leadership elections. all positions were unanimously elected by aically mation. no surprise. democratic leader, nancy pelosi, the whip is steny hoyer, the assistant democratic leader, jim clyburn, and change in the caucus, becerra, becomes the coucks chairman and joe crowley of new york the vice chairman. they also n
economy, american people through the fiasco of going over the fiscal cliff. >> which is worse? >> as i told the president a couple weeks ago, there is a lot of things i have wanted in my life but almost all of them had a price tag attached to them. in we are going to talk about the debt limit in this, we are -- there's going to be some price tag associated with it. i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or...
190
190
Dec 3, 2012
12/12
by
KTVU
tv
eye 190
favorite 0
quote 0
cliff. the ball, timothy geithner's comments -- >> i i was -- i was flabbergasted. i said you can't be serious. >> if congress fails to act by the end year, tax rates will go up for everyone and across the board spending tax. >>> a new legislative session will start today. democrat are allowed to raise taxes with little fear of republican opposition. but leaders say they are gonna avoid doing that since voters just passed prop 30. republicans, as well as governor brown, will be watching. >>> this month, the state is going to pay public schools and community colleges, the 1.9 billion it owes them. it is money that should have been paid out for over the summer but it was deferred until january. >> now, thanks to proposition 30, the state won't have to wait until then and then the schools will get another payment. >>> students in five states will be spending more time in school. select schools in colorado, connecticut, massachusetts, new york and tennessee, are scheduled to announce today, they
cliff. the ball, timothy geithner's comments -- >> i i was -- i was flabbergasted. i said you can't be serious. >> if congress fails to act by the end year, tax rates will go up for everyone and across the board spending tax. >>> a new legislative session will start today. democrat are allowed to raise taxes with little fear of republican opposition. but leaders say they are gonna avoid doing that since voters just passed prop 30. republicans, as well as governor brown,...
204
204
Dec 3, 2012
12/12
by
MSNBCW
tv
eye 204
favorite 0
quote 0
to go off the fiscal cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in himself, admitting talks are going nowhere. speaker boehner also described the moment when secretary geithner first showed him the president's opening offer. >> i was just flabbergasted. i looked at him and said, "you can't be serious." i've just never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. right now i would say we're nowhere, period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they've actually asked for more revenue than they've been asking for the whole entire time. >> wha
to go off the fiscal cliff? >> if republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a time when the american economy is doing exceptionally well, then there will not be an agreement. >> but house speaker john bigger is digging in himself, admitting talks are going nowhere. speaker boehner also described the moment when secretary geithner first showed him the president's opening offer. >> i was just flabbergasted. i...
209
209
Dec 7, 2012
12/12
by
CSPAN
tv
eye 209
favorite 0
quote 0
cliff. we will show you that when the happens. by now, a little bit more about the fiscal cliff. >> we turn our attention this morning about unemployment benefits and how insurance could back -- how insurance could be impacted. thank you for coming in. we want to start the discussion. when we're talking about unemployment insurance, what specific programs are we talking about here? >> unemployment insurance is the combination of federal and state programs. it usually lasts up to six weeks. it can be extended up to 93 weeks, depending on which they were in. it is this extension that we're really talking about as part of the fiscal cliff. >> that is what might be cut. that is what automatically expires. we know it cost $30 billion to continue additional unemployment benefits. of the deal i want to make, the benefits should continue. firm stand. we have seen in the past obama host: what specific benefits do guest: usually some kind of a cash benefit or they may help the search for a job. it is
cliff. we will show you that when the happens. by now, a little bit more about the fiscal cliff. >> we turn our attention this morning about unemployment benefits and how insurance could back -- how insurance could be impacted. thank you for coming in. we want to start the discussion. when we're talking about unemployment insurance, what specific programs are we talking about here? >> unemployment insurance is the combination of federal and state programs. it usually lasts up to six...
218
218
Dec 5, 2012
12/12
by
CNNW
tv
eye 218
favorite 0
quote 0
cliff y if if the cliff exists at all. call them cliff deniers. leading directly to the loss of america's aaa credit rating. listening to them again would be the definition of insanity. john who has a ph.d. in instaneny co-author of "deadline artists." i was in d.c. this week and struck by there is one track going on of negotiations, the track you're seeing on television. not the smoke filled back rooms at this point. they're not there yet. usually i complain about the deals happening and the scenes. there is no behind the scenes and that scares me. >> and it should. look right now we are in the stage of public positional bargaining and both sides making opening bids that the other side dismisses as not serious. but, of course, this is serious. this is a self-inflicted crisis. and washington is playing fiscal with the fiscal cliff. -- playing chicken with the fiscal cliff. this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and
cliff y if if the cliff exists at all. call them cliff deniers. leading directly to the loss of america's aaa credit rating. listening to them again would be the definition of insanity. john who has a ph.d. in instaneny co-author of "deadline artists." i was in d.c. this week and struck by there is one track going on of negotiations, the track you're seeing on television. not the smoke filled back rooms at this point. they're not there yet. usually i complain about the deals happening...
222
222
tv
eye 222
favorite 0
quote 0
. >> reporter: and of course, going off the so-called fiscal cliff means a tax hike for just about everybody who does have a job. treasury secretary timothy geithner said the president is absolutely welling to go off the cliff unless republicans agree to raise tax rates. >> there is no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. only 2%. >> reporter: on that no progress. >> where are the specifics? where are the discussions? nothing is going on. >> reporter: there have been no real talks between the white house and republicans for a week, but they say one sign of progress, the president and the speaker of the house spoke via telephone. neither side would give any details about what was said. the stock market closed higher with traders optimistic a deal will be reached. jonathan karl, abc news, washington. >> amazing a phone call can calm the markets. impressive here. what i thought was interesting. we talked how the house is scheduled to go on vacation the 14th of the month. so actually there is a tighter deadline than the 31st. appare
. >> reporter: and of course, going off the so-called fiscal cliff means a tax hike for just about everybody who does have a job. treasury secretary timothy geithner said the president is absolutely welling to go off the cliff unless republicans agree to raise tax rates. >> there is no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. only 2%. >> reporter: on that no progress. >> where are the specifics? where are the...
325
325
Dec 3, 2012
12/12
by
CNNW
tv
eye 325
favorite 0
quote 0
house in order without those tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> the administration has presented a plan that calls for $1.6 trillion in new tax revenues. $400 billion in cuts to medicare and other entitlements. $50 billion for a new stimulus and congress would have to give up control over raising the debt limit. republicans have indicated that they want to raise revenue by lowering tax deductions, haven't given any specifics yet. brings us right to white house correspondent brianna keilar. good morning, brianna. >> good morning to you, soledad. yes, things are at an impasse here. i will tell you the white house after not being very happy with the pace of negotiations the week before last sent treasury secretary tim geithner up to the hill to outline this proposal. there's a lot we already knew about that president obama had already taken
house in order without those tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> the administration has presented a plan that calls for $1.6 trillion in new tax revenues. $400 billion in cuts to medicare and other entitlements. $50 billion for a new stimulus and...
134
134
Dec 6, 2012
12/12
by
CSPAN
tv
eye 134
favorite 0
quote 0
host: we have been focusing on different aspects of the fiscal cliff. we want to look at capital gains tax and the estate tax. what is the estate tax? guest: it goes back to history -- it was put in place to prevent the united states from developing an aristocracy. a tax on estates that are passed down to heirs. republicans called the death tax. they have characterized it as a bad thing. it has a lot of a populist opposition to it. george w. bush signed in a phase-out of the estate tax. the top rate stays at 55%. the exemption level started rising from $1 million and going up. it was repealed completely in 2010 for one year. then it sprang back to life as part of the extension of the bush tax cuts that president obama signed into law. you have a debate -- very few members dispute that it needs to be continued. the debate is over whether you continue it at the current level. there is an exemption level, $10 million for a couple. or at the white house would prefer a 45% rate. that is the debate right now. there's a split among democrats. the white house w
host: we have been focusing on different aspects of the fiscal cliff. we want to look at capital gains tax and the estate tax. what is the estate tax? guest: it goes back to history -- it was put in place to prevent the united states from developing an aristocracy. a tax on estates that are passed down to heirs. republicans called the death tax. they have characterized it as a bad thing. it has a lot of a populist opposition to it. george w. bush signed in a phase-out of the estate tax. the top...
231
231
tv
eye 231
favorite 0
quote 0
. >>> new movement this morning to try and avoid the fiscal cliff. some republicans are considering abandoning their staunch opposition to higher tax rates according to recent reports. alan simpson was co-chair on the commission of fiscal responsibility. he's a co-founder of fix the debt campaign and joins us now. senator simpson, good morning, it's great to see you. >> great pleasure to be off the witness protection program and come here. but what even more fun, david brubeck used to come to wyoming a great deal. he and his family, lovely people. i did not know he had passed. and to hear that music, it's iconic stuff. anyway. so it's good to sneak in and get made up, try to hide my identity. >> well, it's good to have you here. you say you're in the witness protection program because you've been out there on the issue of how we fix our national deficit. as you well know, we face the fiscal cliff, a series of tax hikes and spending cuts that many people think if they go into effect will put the country into recession. yet we heard the treasury secret
. >>> new movement this morning to try and avoid the fiscal cliff. some republicans are considering abandoning their staunch opposition to higher tax rates according to recent reports. alan simpson was co-chair on the commission of fiscal responsibility. he's a co-founder of fix the debt campaign and joins us now. senator simpson, good morning, it's great to see you. >> great pleasure to be off the witness protection program and come here. but what even more fun, david brubeck...
128
128
Dec 6, 2012
12/12
by
CURRENT
tv
eye 128
favorite 0
quote 0
not that far down the road but get into 2013, get the fiscal cliff thing behind us. why? >> i think tom coburn and the president have slightly different reasons for it. but the problem with just doing tax reform when you don't have the rates going back up is that these deductions and credits that we're going to have to go after to reform, they primarily benefit people at the top. but they also benefit middle-class families. and if you just change those then what you end up doing is raising taxes on middle-class families as well. to get the same amount of revenue. in other words, if you're trying to get a revenue target, let's say $1.6 trillion which is what the president wants. you try to do that just by reforming the code, without the rates. you don't touch the rates. the only way to do it is to get the money out of the middle class. the president doesn't want to do that and most people don't want to do that. but if you let the rates go back up, you're basically halfway to your revenue target and you can get the rest of the revenue from reforms without hurting lower and
not that far down the road but get into 2013, get the fiscal cliff thing behind us. why? >> i think tom coburn and the president have slightly different reasons for it. but the problem with just doing tax reform when you don't have the rates going back up is that these deductions and credits that we're going to have to go after to reform, they primarily benefit people at the top. but they also benefit middle-class families. and if you just change those then what you end up doing is...
228
228
Nov 30, 2012
11/12
by
MSNBCW
tv
eye 228
favorite 0
quote 0
. >>> up next the senate's top republican latches out loud as the white house averts the fiscal cliff. millions of americans are not finding this partisan fighting so funny. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it i
. >>> up next the senate's top republican latches out loud as the white house averts the fiscal cliff. millions of americans are not finding this partisan fighting so funny. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference....
315
315
Dec 4, 2012
12/12
by
MSNBCW
tv
eye 315
favorite 0
quote 0
that's your idea -- >> mike -- >> away from a fiscal cliff? >> congresswoman, i am a financial illiterate, can you explain to me how you have all encompassing tax reform without taking a look at tax rates? >> well, we have. we believe that we need tax reform. we'd like to look at tax rates, we'd like to look at the loopholes, the tax credits. we want a simpler, less costly tax code for america. that's important for middle class families, important for our economy. that is what's going to help get this economy growing again. but we also -- it also republicans believe it has to include the spending. and the way congress has operated in the past, you know, yeah, we'll increase revenue, but then there's never the protections, never the tough decisions to actually cut the spending, reduce the debt, and that has to be a part of this one. >> fair enough. arianna? >> congresswoman, in your thanksgiving message, twice you emphasize the need for jobs, the need for growth, and then you mentioned the deficit. what do you think we should be doing right now
that's your idea -- >> mike -- >> away from a fiscal cliff? >> congresswoman, i am a financial illiterate, can you explain to me how you have all encompassing tax reform without taking a look at tax rates? >> well, we have. we believe that we need tax reform. we'd like to look at tax rates, we'd like to look at the loopholes, the tax credits. we want a simpler, less costly tax code for america. that's important for middle class families, important for our economy. that...
142
142
Dec 4, 2012
12/12
by
CURRENT
tv
eye 142
favorite 0
quote 0
yesterday we discovered when john boehner released his counterproposal on the fiscal cliff that grover norquist is still very much in charge of the republican party. republicans said once again that they were absolutely unwilling to raise tax rates on the wealthiest of americans. even though they were adopted in 2001 as a temporary measure only because we had a surplus. they were temporary because ten years later, we might have a surplus. we might need the money. that's exactly the situation is today. but sadly, it is not grover norquist or mitt romney or mitch mcconnell that's running the republican party. it is still a big lobbyist by the name of grover norquist. have a good one folks!
yesterday we discovered when john boehner released his counterproposal on the fiscal cliff that grover norquist is still very much in charge of the republican party. republicans said once again that they were absolutely unwilling to raise tax rates on the wealthiest of americans. even though they were adopted in 2001 as a temporary measure only because we had a surplus. they were temporary because ten years later, we might have a surplus. we might need the money. that's exactly the situation is...